9th Annual PMEA Golf Tournament unfolds March 13
by Philippine Resources - March 08, 2020
9th Annual PMEA Golf Tournament unfolds March 13.
The Philippine Mining and Exploration Association (PMEA) will stage its 9th Annual Golf Tournament on March 13 at the Orchard Golf and Country Club in Dasmariñas City, Cavite.
Listing is ongoing with entry fee pegged at P3,900, inclusive of a Nike golf shirt, green fee, shared golf cart use, meals, and raffle entry.
On-course registration will begin at 6 a.m. followed by the shotgun tee off at 8 a.m.
For registration and sponsorship inquiries, email firstname.lastname@example.org or call 09209522084.
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Philippine Resources - November 05, 2019
New ‘Coal in Asia’ segment to be launched at the 6th Mining Investment Asia Conference in Singapore
Mining Investment Asia (https://www.mininginvestmentasia.com/), South East Asia’s largest mining conference and exhibition showcasing South East Asia’s mining sector to an international audience of investors and various mining stakeholders, is scheduled to return to Singapore from 17 - 19 March 2020. For this 6th edition, a brand new full day segment entitled ‘Coal in Asia’ will be launched on 17 March to complement the event’s current focus on mining financing, technology and gender diversity. Why Coal in Asia? Coal is a dominant fuel in the rapidly growing economies of South East Asia even amidst a global move towards clean energy. Within the Asian region, India, China and Indonesia play major roles both as consumers and producers of coal. Hence, ‘Coal in Asia’ seeks to focus on what lies ahead for coal in the region and the key drivers for transformation. Major national and private coal mining companies are confirming their participation, with key stakeholders such as Indonesia Coal Mining Association (APBI-ICMA) already supporting this event. Latest speakers Speakers who have come onboard to be a part of Mining Investment Asia 2020 include: Robin Lee, CEO & Founder, Hello Gold (Malaysia) (First time speaker at this event) Raymond Liu, Founding Partner, Havelock Mining Investment (China) (First time speaker at this event) Thao Dh Ngo, Group Executive Chairman, First Indochina Group (Vietnam) Edward Gustely, Managing Director, Penida Capital (Indonesia) Michel Labrousse, Managing Partner, Mazarin Capital (Hong Kong)Hendra Sinadia, Executive Director, Indonesia Coal Mining Association (Indonesia) Cindy Teoh, Associate Editor - Investments, Golden Equator Capital (Singapore) Thomas Puppendahl, Chief Investment Officer, Chancery Asset Management (Singapore) Jayant Bhandari, Mining and Institutional Investor Expert, Anarcho Capital Inc (Canada) Over the past 5 years, the high quality of the speakers assembled at this event has provided insightful regional and international perspectives, leading to Mining Investment Asia being recognised as the leading event in the region for global companies and individuals who wish to understand what makes South East Asia mining industry tick and to meet the key players in this region. Testimonials from past participants Feedback from past attendees have consistently highlighted both the high quality of the speakers and the attendees. In addition, what makes Mining Investment Asia special to them include: Great networking opportunities High level discussions Opportunity to understand and meet the relevant decision makers from the South East Asia mining industry. Constance Tan, Principal Consultant, Alvito Capital Holding (Singapore) opined that ‘When I speak to other delegates here, they agree that it has been a useful forum for them to ask questions and meet like-minded people in the same industry over meals and networking drinks. Overall Mining Investment Asia is a formal yet informal event with plenty of interaction for future collaboration’. Charmaine Olea Capili, Executive Director, Philippine Nickel Mining Association said that ‘It is a big leap for us coming here as an Association as it is the first we are coming out here in South East Asia. We are very excited as it is an opportunity for us to share globally what we have done in our country and our best practices’. Dato Aminudin Hashim, CEO of Menteri Besar Inc, a government body tasked to drive growth in the Malaysian state of Perak, highlighted that ‘Mining Investment Asia is a great event. A good event depends not only on the content but the quality of the attendees. I got to meet many senior players in the industry, from the mining, policy and the financing industry. It is a great meeting of minds from the mining sector here in Singapore’. Spaces are still available for sponsors, exhibitors and delegates who wish to be a part of Mining Investment Asia. Enquiries can be sent to Jarred via email at email@example.com or phone at +65 6717 6017. More information can be found at the event website: https://www.mininginvestmentasia.com/ Background on Spire Events Spire Events is a Singapore based events company specialising in mining & energy conferences and expos. Mining Investment Asia is part of the global Mining Investment Conference Series that spans across various locations in Asia, Africa, Europe, Latin and North America and the Middle East. Spire Events also organises the MiningTech Conference Series which focuses on technology in mining and they are held in Chile, South Africa and Brazil. Besides conferences, Spire Events also organises large scale mining and energy expos in Africa, namely Mauritania, DRC, Sierra Leone and Botswana. The full calendar of events can be found at www.spire-events.com
Philippine Resources - October 09, 2019
Usec. Bayani H. Agabin and Mark Cojuangco at the PMC Luncheon | 25th October 2019
Usec. Bayani H. Agabin and Mark Cojuangco at the PMC Luncheon | 25th October 2019Come and join the 200+ attendees!Mr. Bayani H. Agabin is currently the Undersecretary of the Department of Finace of the Republic of the Philippines. He is also the Focal Person and Chair of PH-EITI.Topic:“Forging New Frontiers” Fifth PH-EITI Report (Philippine | Extractive Industries Transparency Initiative)Mr. Mark O. Cojuangco served as the Representative of the 5th Congressional District Of the Province of Pangasinan from 2001 to 2010. He focused on infrastructure projects, believing that quality and not just the quantity of projects, are the catalyst for economic development.During his incumbency as a Member of the Lower House of Congress, he was elected Senior Vice-Chairman of the House Committee on Appropriations, a position he held for six consecutive years.Topic: Assessing the Viability of Nuclear Power in the Philippines: Opportunities, Challenges and IssuesTime: Registration starts - 11:00AM | Program starts - 12:15 noon sharp | Ends - Approx. 2:30-3:00PMDate: Friday | 25th October 2019 Venue: I'M Hotel | 5F Narra Ballroom | corner Makati Ave. and Kalayaan ave. (Plenty of basement parking)Attire: Smart CasualCost: Php 1,800 pre-paid before the event | Php 2,000 at the door | Php 1,600 Diwata members (inclusive of Lunch and Refreshments) *** Bookings not cancelled 3 business days before the event will be billed at full cost ***
Philippine Resources - March 10, 2020
Worldbex Services International Announces Postponement of WORLDBEX and MIAS 2020
In response to the government declaring a state of public health emergency throughout the entire Philippines; alongside the recommendations of the Department of Health regarding the imposition of Social Distancing Measures in the National Capital Region, which prohibits mass gatherings and events due to concerns related to COVID-19, Worldbex Services International (WSI) announces its decision to postpone WORLDBEX and MIAS 2020.Worldbex Services International, amidst shows that are set to be held on March 18 to 22, 2020 (25th WORLDBEX) and April 2 to 5, 2020 (16th MIAS), has made this difficult decision after close and careful consultation with its partners and the health authorities in charge, in whom it has full trust for their expertise and recommendations for the benefit of exhibitors, collaborators, and visitors. Following the recent prohibition on mass public gatherings, with direct implications for the trade shows, WSI had no other option than to make this decision.Jill Aithnie Ang, Managing Director of Worldbex Services International stated: “We are deeply saddened to have made the decision to postpone this year’s WORLDBEX and MIAS. Indeed, both of the shows have come to be such instrumental platforms for the local industry to grow and expand their networks across a wide range of trade opportunities. Moreover, this predicament is made all the more challenging in consideration of all the possibilities explored and plans aligned after significant time spent in dialogue with collaborators over the course of the past few months. All this progress is further attested by the impressive number of returning exhibitors and newcomers who were all eager to take part of this journey. As expected, we have been observing promising growth across all sectors in both the construction and design trade as well as in automotive and motoring.Joseph Ang, Founder of Worldbex Services International expressed: “In the past few weeks, I have witnessed the grit and tenacity of all who have been involved in the preparations for our two shows – WORLDBEX and MIAS. From our partners and customers to our stakeholders and very own teams, everyone has tirelessly worked to seek out the most ideal solutions to safeguard the wellbeing of the industries and its subsequent communities. It is in these moments that I am truly convinced of the value of communication and collaboration in conjuring innovative and strategic approaches to address the many issues at hand. At this point, I would like to extend my sincerest gratitude to everyone for their hard work, faith, and commitment to our vision.”In the midst of all this, WSI is putting the health and safety of all attendees, exhibitors, and its employees at the top priority. With the development of the current threat and challenges, the organizer will be on top of this situation and continue working towards realizing its prodigious aspirations for the local trade industries.
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Philippine Resources - March 21, 2023
PBBM boosts transport sector thru big-ticket projects
Photo credit: Department of Transportation Several big-ticket infrastructure projects in the transportation sector have been approved or are already being implemented by the administration of President Ferdinand R. Marcos Jr., the Department of Transportation (DOTr) reported Monday. In a statement, the DOTr said the Cebu Bus Rapid Transit Project, Davao Public Transport Modernization Project, EDSA Greenways, the Light Rail Transit Line 2 (LRT-2) West Extension, and the Light Rail Transit Line 1 (LRT-1) Cavite Extension are all ongoing as of March 9 according to the National Economic and Development Authority (NEDA). These projects are among the 67 infrastructure flagship projects (IFP) that have been greenlit or are already underway out of the 194 high-impact projects under Marcos’ "Build Better More" program. In the rail sector, these approved and ongoing projects include the Metro Manila Subway Phase 1, Mindanao Rail Phase 1, Metro Rail Transit Line 3 (MRT-3) rehabilitation, Metro Rail Transit Line 4 (MRT-4), Metro Rail Transit Line 7 (MRT-7), New Cebu International Container Port, New Manila International Airport (Bulacan International Airport), North-South Commuter Railway (NSCR), Philippine National Railways (PNR) South Long Haul, and the Subic Clark Railway. The New Dumaguete Airport Development Project (Bacong International Airport) and the Integrated Flood Resilience and Adaptation (InFRA) Phase 1 have also both been approved by NEDA, with six projects awaiting approval. Last week, the NEDA Board, led by Marcos, approved 194 high-impact priority projects with a total cost of around PHP9 trillion. The board also approved amendments to the 2013 Joint Venture guidelines to support the government’s push for more investments in the country’s infrastructure. PNR suspension Meanwhile, Senate President Pro Tempore Loren Legarda has expressed alarm over an impending suspension of select PNR routes due to the NSCR, saying it will affect thousands of commuters, mostly students and workers. “The welfare of the riding public should always be prioritized yet it remains to be seen whether such proposed solutions would effectively and sufficiently address the riding public's urgent demands in time for the imminent suspension of the operations of the PNR,“ Legarda said in her explanatory note on Senate Resolution No. 546. The PNR plans to suspend operations of certain routes for up to five years to facilitate the faster construction of the 55-kilometer NSCR. The construction will start in May and PNR may suspend the routes between Governor Pascual in Malabon City and Calamba City in Laguna, and well as Alabang, Muntinlupa City to Calamba. The Tutuban, Manila-Alabang route will be suspended in October and will affect between 20,000 and 25-000 passengers daily. Legarda urged the Committee on Public Order, chaired by Senator Grace Poe, to look into the impending suspension and come up with alternative solutions. Article courtesy of the Philippine News Agency
Philippine Resources - March 21, 2023
Global Ferronickel Holdings, Inc. signs purchase agreement with Baosteel Resources for 1.5 million WMT
Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), has just signed an Annual Purchase Agreement with Baosteel Resources International Co. Ltd. for the supply of 1.5 million WMT of nickel ore for the 2023 mining season. The nickel ore will be coming from FNI’s operating mines in Surigao del Norte and Palawan, operated by Platinum Group Metals Corporation (PGMC) and Ipilan Nickel Corporation (INC), respectively. “Our two operating mines have given us the ability to undertake year-round production to better support the growing demand from China. The easing of COVID-19 restrictions and the robust growth of China’s property sector that is driving the need for stainless steel will help boost the nickel industry,” said Dante R. Bravo, FNI President. Should stockpile inventory permit, one-third of the shipment will be composed of lowgrade nickel ore with 0.90% nickel content and 49% iron content while the remainder will be medium- to high- grade nickel ore with 1.30%-1.60% nickel content and 15%- 25% iron content. The selling price of each shipment will be set on a monthly basis according to the prevailing market price at the time of price setting. Baosteel Resources International Co., Ltd. is a wholly owned subsidiary of the top Chinese steel manufacturing corporation China Baowu Steel Group and is engaged in the business of mineral resource investment, trading, and logistics services. Notably, the company highly specializes on trading of metallurgic raw material with annual volume of over 60 million tons covering a vast range of products such as iron, ore, coal, alloys, non-ferrous metals, ferrous scraps, metallurgical flux, etc. Baosteel Resources maintains over 100 overseas suppliers and over 40 overseas clients. The Company’s headquarters is located in Hong Kong with footprints in Australia, Singapore, South Africa, Indonesia, and several others. Article courtesy of the Philippine Stock Exchange
Philippine Resources - March 21, 2023
Celsius enters into initial binding deed and agreement with local companies to progress MCB Project
Photo: Signing of Binding Deed and Agreement (Left to right: PMR Holding Corp. President Dan Chalmers, CLA Chairman and MMCI President Atty. Julito “Sarge” Sarmiento, Sodor, Inc. President Ms. Erika Chalmers, and CLA Executive Director and MMCI Country Operations Director, Peter Hume). Celsius Resources Limited is pleased to announce that on 17 March 2023 the Company’s wholly owned subsidiary, Makilala Holding Limited ("MHL"), entered into a binding deed with Sodor, Inc. for Sodor to acquire a 60% legal ownership in Makilala Mining Company, Inc. (“MMCI”) for consideration of PHP 300 million (approximately A$8.2 million as at the date of this announcement), on terms and conditions described in the following paragraphs. The signing of the Deed is a significant milestone as it will enable MMCI to apply for an MPSA for the MCB Project with the Philippine Government. As previously advised by the Company, under Philippine law, an MPSA must be held by a company that is at least 60% Filipino owned. In addition, the Company and its wholly owned subsidiaries MHL, MMCI, and PDEP Inc. (“PDEP”) entered into an accompanying binding letter agreement with Sodor and its affiliate PMR Holding Corp. (“PMR”) (together, the “Parties”) to agree on the timeline for, and that delivery to Sodor Inc. of share certificates representing 60% of MMCI’s outstanding shares pursuant to the Deed shall be made only after, the funding by Sodor Inc. and PMR of approximately ~US$43 million for a 30% economic interest in the MCB Project ("Funding Commitment"). 3 The MCB Project will be composed of MMCI and PDEP, both wholly owned subsidiaries of Celsius. The Parties shall rescind the Deed if Sodor and PMR are not able to provide the Funding Commitment within two years from signing, unless the period is shortened or extended by mutual agreement of the Parties. As at the date of this announcement the amount of the Funding Commitment, which is inclusive of the MMCI Consideration, is approximate as the Parties will confirm the size and timing of payment of the Funding Commitment following completion of a bankable feasibility study on the MCB Project. Provision of the Funding Commitment also remains subject to completion of negotiation and execution of binding definitive long form legal documentation. The Philippine Government has otherwise advised MMCI that it has met all of the other technical requirements to obtain the MCB Project’s required environmental and mining permits. Celsius Non-Executive Chairman and MMCI Chairman and President, Atty Julito R. Sarmiento, commented: “We are indeed honored to have Sodor Inc. as our local partner in our vision to develop the MCB Project as a model for Transformative Mining in the Philippines. Our principles and visions are aligned, which is a powerful step towards developing and operating the MCB Project in a responsible and sustainable manner benefitting both our shareholders and local stakeholders. It has always been our commitment, particularly to the Balatoc Tribal Community, that central to the mine development is cultural respect, social development, and environmental protection. Sodor Inc. shares the same commitment, and is thus a perfect partner in developing the MCB Project.” Article courtesy of Celsius Resources. The full press release can be found HERE
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